Hudson Edge Investment Partners Inc. Acquires 6,019 Shares of Marathon Petroleum Co. (NYSE:MPC)

Hudson Edge Investment Partners Inc. boosted its holdings in Marathon Petroleum Co. (NYSE:MPC - Free Report) by 18.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 38,881 shares of the oil and gas company's stock after purchasing an additional 6,019 shares during the quarter. Hudson Edge Investment Partners Inc.'s holdings in Marathon Petroleum were worth $5,424,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the business. Wellington Management Group LLP increased its stake in shares of Marathon Petroleum by 342.1% during the 3rd quarter. Wellington Management Group LLP now owns 5,593,729 shares of the oil and gas company's stock valued at $911,274,000 after acquiring an additional 4,328,470 shares during the last quarter. Pacer Advisors Inc. grew its holdings in Marathon Petroleum by 22.3% in the fourth quarter. Pacer Advisors Inc. now owns 3,552,655 shares of the oil and gas company's stock valued at $495,595,000 after purchasing an additional 647,045 shares during the period. Bank of Montreal Can increased its position in Marathon Petroleum by 45.4% during the third quarter. Bank of Montreal Can now owns 1,329,422 shares of the oil and gas company's stock worth $217,560,000 after purchasing an additional 415,368 shares during the last quarter. International Assets Investment Management LLC boosted its holdings in shares of Marathon Petroleum by 19,153.8% in the 3rd quarter. International Assets Investment Management LLC now owns 1,311,182 shares of the oil and gas company's stock valued at $213,605,000 after purchasing an additional 1,304,372 shares during the last quarter. Finally, National Pension Service grew its stake in shares of Marathon Petroleum by 3.1% during the 3rd quarter. National Pension Service now owns 977,250 shares of the oil and gas company's stock valued at $159,204,000 after buying an additional 29,008 shares during the period. 76.77% of the stock is currently owned by hedge funds and other institutional investors.

Marathon Petroleum Stock Down 2.9 %

NYSE:MPC traded down $4.36 during trading hours on Wednesday, hitting $146.23. 2,280,349 shares of the stock traded hands, compared to its average volume of 2,835,231. The firm has a market cap of $47.00 billion, a price-to-earnings ratio of 14.73, a PEG ratio of 3.11 and a beta of 1.41. The firm has a 50 day moving average price of $147.27 and a 200 day moving average price of $156.07. The company has a current ratio of 1.23, a quick ratio of 0.76 and a debt-to-equity ratio of 0.94. Marathon Petroleum Co. has a fifty-two week low of $130.54 and a fifty-two week high of $221.11.

Marathon Petroleum (NYSE:MPC - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The oil and gas company reported $0.77 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.06 by $0.71. Marathon Petroleum had a return on equity of 12.07% and a net margin of 2.45%. The firm had revenue of $33.47 billion during the quarter, compared to the consensus estimate of $31.94 billion. During the same period in the prior year, the business earned $3.98 EPS. The business's revenue for the quarter was down 9.1% on a year-over-year basis. Equities research analysts anticipate that Marathon Petroleum Co. will post 8.47 earnings per share for the current year.

Marathon Petroleum declared that its Board of Directors has approved a share repurchase plan on Tuesday, November 5th that permits the company to repurchase $5.00 billion in outstanding shares. This repurchase authorization permits the oil and gas company to reacquire up to 10% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company's board of directors believes its stock is undervalued.

Marathon Petroleum Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 10th. Shareholders of record on Wednesday, February 19th will be paid a $0.91 dividend. The ex-dividend date of this dividend is Wednesday, February 19th. This represents a $3.64 annualized dividend and a yield of 2.49%. Marathon Petroleum's dividend payout ratio is presently 36.66%.

Insider Buying and Selling at Marathon Petroleum

In related news, Director Jeffrey C. Campbell purchased 6,000 shares of the stock in a transaction dated Wednesday, December 4th. The shares were acquired at an average cost of $149.61 per share, for a total transaction of $897,660.00. Following the acquisition, the director now directly owns 6,090 shares in the company, valued at approximately $911,124.90. The trade was a 6,666.67 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company insiders own 0.21% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on MPC. Raymond James increased their target price on Marathon Petroleum from $190.00 to $192.00 and gave the stock a "strong-buy" rating in a research report on Friday, January 17th. Barclays reduced their price objective on Marathon Petroleum from $168.00 to $159.00 and set an "overweight" rating on the stock in a research note on Monday, November 11th. Mizuho decreased their target price on Marathon Petroleum from $175.00 to $174.00 and set a "neutral" rating for the company in a report on Monday, December 16th. Tudor Pickering upgraded shares of Marathon Petroleum from a "strong sell" rating to a "hold" rating in a report on Tuesday, February 4th. Finally, TD Cowen reiterated a "buy" rating and set a $170.00 price objective on shares of Marathon Petroleum in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, nine have given a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Marathon Petroleum has an average rating of "Moderate Buy" and an average target price of $181.27.

Marathon Petroleum Profile

Marathon Petroleum Corporation, together with its subsidiaries, operates as an integrated downstream energy company primarily in the United States. The company operates through Refining & Marketing, and Midstream segments. The Refining & Marketing segment refines crude oil and other feedstocks at its refineries in the Gulf Coast, Mid-Continent, and West Coast regions of the United States; and purchases refined products and ethanol for resale and distributes refined products, including renewable diesel, through transportation, storage, distribution, and marketing services.